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Old 05-07-2013, 11:57 AM   #1
JessLCH
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Question ROFR questions:

First, is it 30 calendar days or 30 business days that Disney has to respond?

Second, does use year have an impact on whether or not Disney will exercise ROFR?
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Old 05-07-2013, 12:43 PM   #2
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Originally Posted by JessLCH View Post
First, is it 30 calendar days or 30 business days that Disney has to respond?

Second, does use year have an impact on whether or not Disney will exercise ROFR?
UY does effect ROFR. It is 30 calendar days
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Old 05-07-2013, 01:20 PM   #3
JessLCH
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Originally Posted by NoleFan View Post
UY does effect ROFR. It is 30 calendar days
Thanks, can you explain how the UY impacts ROFR?
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First visit: The Contemporary 1972
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Wilderness Lodge Villas (2/07, 2/09, 12/13, 9/14)
Grand Californian Villas (8/10)
Saratoga Springs Resort (11/11)
Disney Dream (2/12)
Royal Pacific Resort Universal ( 2/12, 9/14)
Wyndham Bonnet Creek Presidential (11/12)
Disneyland Hotel (8/13)
Bay Lake Tower (10/13, 11/14)
Animal Kingdom Villas Kidani/Jambo (1/14, 12/14)
Aulani (8/14)
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Old 05-07-2013, 01:37 PM   #4
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http://dvcnews.com/index.php/dvc-pro...ts-by-use-year

Check out the distribution of points by Use Year...some UY have more points.
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Old 05-07-2013, 01:47 PM   #5
JessLCH
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Originally Posted by lovin'fl View Post
http://dvcnews.com/index.php/dvc-pro...ts-by-use-year

Check out the distribution of points by Use Year...some UY have more points.
So does that mean Disney is more likely to buy back them points in the UYs that make up the smaller %ages in each resort's chart?
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Old 05-07-2013, 02:13 PM   #6
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Originally Posted by JessLCH View Post
So does that mean Disney is more likely to buy back them points in the UYs that make up the smaller %ages in each resort's chart?
First, stop counting days, you will drive yourself nuts over nothing.

If Disney needs a certain resort or UY and they can buy at the price necessary to meet their internal guidelines, they will exercise ROFR. Only Disney knows what what those numbers are.

Bill

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Old 05-07-2013, 02:38 PM   #7
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Thanks, can you explain how the UY impacts ROFR?
one scenario, if there is a wait list for a specific UY at a specific resort, Disney may buy those back to fill the wait list. other reasons, not sure.
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Old 05-07-2013, 03:30 PM   #8
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UY does effect ROFR. It is 30 calendar days
OUrs was 32 days
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Old 05-07-2013, 07:14 PM   #9
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First, is it 30 calendar days or 30 business days that Disney has to respond?

Second, does use year have an impact on whether or not Disney will exercise ROFR?
Technically there is not restriction on how many days they have to respond, only that you can't set closing earlier than 30 days from when you notify them. In practice it's basically 30 calendar days for them to notify the seller but it may take longer to get to the broker or buyer.
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Old 05-07-2013, 08:19 PM   #10
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Technically there is not restriction on how many days they have to respond, only that you can't set closing earlier than 30 days from when you notify them. In practice it's basically 30 calendar days for them to notify the seller but it may take longer to get to the broker or buyer.
I am amazed that no one reads their contracts, it states that closing can be set anytime after 30 days. I distinctly remember about a year ago someone getting ROFR'd on day 34.
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Old 05-07-2013, 08:20 PM   #11
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I am amazed that no one reads their contracts, it states that closing can be set anytime after 30 days. I distinctly remember about a year ago someone getting ROFR'd on day 34.
Exactly.
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Old 05-07-2013, 08:26 PM   #12
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I am amazed that no one reads their contracts, it states that closing can be set anytime after 30 days. I distinctly remember about a year ago someone getting ROFR'd on day 34.
Does this mean that if you could a get a closing company to do so that you could write into the contract "to close on ..... say 31 days from the original signed contracts" I know that is not a reality in terms of paper work but wouldn't that then really give Disney 30 days to decide?
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Old 05-07-2013, 08:31 PM   #13
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Does this mean that if you could a get a closing company to do so that you could write into the contract "to close on ..... say 31 days from the original signed contracts" I know that is not a reality in terms of paper work but wouldn't that then really give Disney 30 days to decide?
That is how I read it, I have always had a question of Estoppels with Fidelity. They seem to do it after ROFR, which delays closing docs 7-10 days. It appears that some of the other companies do this while awaiting ROFR and close much quicker.
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Old 05-07-2013, 08:33 PM   #14
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Does this mean that if you could a get a closing company to do so that you could write into the contract "to close on ..... say 31 days from the original signed contracts" I know that is not a reality in terms of paper work but wouldn't that then really give Disney 30 days to decide?
That's how I read it too but it'd be 31 days from when you knew you could get it to them. I'm also not convinced the ROFR needs to be recorded.
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Old 05-08-2013, 07:11 AM   #15
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I am amazed that no one reads their contracts, it states that closing can be set anytime after 30 days. I distinctly remember about a year ago someone getting ROFR'd on day 34.
Actually, I AM one of those rare folks who DOES read the contract. The contract we received from Fidelity is very short and vague and has no specifics on many DVC related things, including details on the ROFR process and how long it takes. I am also one of those rare folks who requested a POS booklet to review before signing anything. Still waiting on that document.
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Disneyland Hotel (8/13)
Bay Lake Tower (10/13, 11/14)
Animal Kingdom Villas Kidani/Jambo (1/14, 12/14)
Aulani (8/14)
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